Good afternoon,

I'm trying to fine a formula which would show me how much money I would
save on a mortgage if I were to pay additional principal each month--in
addition to paying the additional principal how long would it take to pay
off.

I'm looking at a 160k mortgage at 7.5 for 30 years. I'll like to pay this
off as soon as possible by paying additional principal each month.

There are tons of free templates at:
http://office.microsoft.com/en-us/default.aspx

Maybe you'll find something you like.

Kam1999i wrote:

Good afternoon,

I'm trying to fine a formula which would show me how much money I would
save on a mortgage if I were to pay additional principal each month--in
addition to paying the additional principal how long would it take to pay
off.

I'm looking at a 160k mortgage at 7.5 for 30 years. I'll like to pay this
off as soon as possible by paying additional principal each month.

--

Dave Peterson